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Property Taxes in Colorado How are they determined and what can I do about it?
Colorado’s system of real property taxation can leave homeowners confused and frustrated. This may be especially true if a homeowner receives a Notice of Valuation reflecting an unexpected increase in the value of his or her home which results in an increase in taxes owed. This article will provide an overview of the process by which property values are determined for the purposes of taxation and the options for homeowners who believe their properties have been incorrectly valued. Colorado has a two year cycle for valuing real property for the purposes of assessing property taxes. In odd years, properties are revalued; even years are considered “intervening years” and properties are generally considered to have the same value as in the prior year. In intervening years, notice of the value of property is often contained in a short form along with the property tax statement issued in January. However, in odd years assessors are required to mail a Notice of Valuation, or NOV, to taxp...
Successful Closing Tips in Colorado
Tips For a successful closing 1 Colorado law requires that all funds paid at closing by the parties must be in the form of a wire transfer, cashiers check or teller check. 2 If possible, avoid peak times when scheduling closings (Friday afternoons, end of the month). 3 The title company will need a loan number and contact information on existing loans, HOA contact, seller's forwarding address and social security numbers for all parties. 4 If a Power of Attorney is to be used for closing, contact the title company as early as possible. 5 When scheduling moving vans or other closings be sure to allow time for the resolution of problems which may delay the completion of your transaction. This information is provided to assist you in your real estate transaction. Should you need additional information, please feel free to contact us.
10132 ROYAL EAGLE LANE HIGHLANDS RANCH, CO 80129
Single family home foreclosure Property Address: 10132 ROYAL EAGLE LANE HIGHLANDS RANCH, CO 80129 Subdivision: HIGHLANDS RANCH Legal Description: LOT 75, HIGHLANDS RANCH, FILING NO. 118-G COUNTY OF DOUGLAS, STATE OF COLORADO. Deed Of Trust Reception No.: 2006086277 Recorded: 10/05/2006 Original Note Amount: $260,000.00 Outstanding Balance as of FC Filing: $282,662.54 Foreclosure Status: Pre-Sale Current Sale Date: 08/05/2015 Election & Demand Reception No.: 2015024442 Recorded: 04/16/2015 Combined Notice Mailed: 04/20/2015 Cure Intent Due By: 07/21/2015 Cure Intent Filed: No Original Scheduled Sale Date: 08/05/2015 Current Sale Date: 08/05/2015 Fo r more info: https://plus.google.com/+SaberAmine/posts/jRtdB4Wru3U
Slowing New Home Construction? Not in Colorado!
Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this summer. In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in the latest residential sales report. The numbers of new permits, housing starts and finished homes hitting the market were all up year-over-year in April, according to the report. Housing starts are construction projects that have been started for new residences. It's too early to tell whether the slowdown is temporary or will continue, worsening the housing shortage. There's not enough homes on the market, and the shortage of homes is most pronounced at the low end of the price range, As prices continue to rise, millennials and households with low and moderate incomes will find it more difficult to take the homeownership plunge. The num...